InterContinental undergoes multimillion-dollar renovation

Fahad Ibrahim Al-Sayegh (left), general manager of InterContinental Al-Jubail, and Ali Al-Agnam, director of sales and marketing.
Updated 05 March 2018
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InterContinental undergoes multimillion-dollar renovation

InterContinental Al-Jubail, a five-star luxury hotel in the Eastern Province industrial city of Jubail, has announced the fast progress of its multimillion-dollar renovation project comprising 300 guest rooms, a banquet hall, meeting rooms, restaurants and large utility areas. The announcement was recently made by Fahad Ibrahim Al-Sayegh, general manager of InterContinental Al-Jubail.
“The full renovation included a top-to-bottom refurbishment of guest rooms, corridors, and a fitness center,” said Al-Sayegh.
He said that the hotel rooms, including suites, received new beds, furniture, hardwood flooring, bathroom updates and headboards with reading lamps and other luxury décor, with high-speed Internet and other technology features.
“This huge renovation aims to establish InterCon as the global brand of choice, as we spent more than $150,000 on renovating each guest room,” said Al-Sayegh.
“Here you can relax in the lap of an elegant resort, ask the concierge to arrange a day of fishing and diving over coral reefs in the Arabian Gulf, or sail back for sunset drinks and a lavish dinner,” said the hotel’s general manager.
He pointed out that the hotel offers the guest a choice of four different food and beverage outlets, which serve a wide range of Arab and international cuisines. The hotel’s Al-Tuwayah Restaurant is open daily for breakfast, lunch and dinner and offers lavish buffets and theme nights. The specialty restaurants include Al-Diwan Lebanese Restaurant and Tex-Mex Mexican Restaurant, which are highly recommended by tour operators. The fourth one is a restaurant on the beach, where guests can enjoy food amid nature’s serenity and beauty.
Commenting on the nationalization of the workforce in the hospitality sector, Al-Sayegh said: “About 40 percent of our staff are Saudis ... we run different types of training programs with an aim to train and hire young Saudi boys and girls.
“More Saudis will join our hotel and eventually the hospitality sector as the Kingdom has opened several avenues including the entertainment sector.”
Al-Sayegh, along with Al-Ali Agnam, director of sales and marketing, gave an overview of the facilities for business meetings and weddings at the hotel.
“The hotel has a large banquet hall besides six small meeting rooms, which are regularly booked by giant companies such as Saudi Aramco, SABIC, SATORP and other multinational companies. In fact, the hotel has been ranked as the best value property in Jubail, where guests get more for their money when compared to other properties in the Eastern Province,” Agnam said.


Emirates NBD opens branch in Alkhobar

Updated 20 September 2018
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Emirates NBD opens branch in Alkhobar

Emirates NBD, a banking group in the Middle East, has expanded its presence in the Kingdom with the opening of its first branch in Alkhobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with a presence in Riyadh, Jeddah and Alkhobar. 

As Saudi Arabia progresses plans for economic reform, in line with its Vision 2030, Emirates NBD’s presence builds on the growing economic and trade ties between Saudi Arabia and the UAE. Following the establishment of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia recently announced The Strategy of Resolve, a joint vision for economic development through 44 joint strategic projects within a five-year time frame. 

UAE-based Emirates NBD is the first non-Saudi bank with a significant branch network across the Kingdom. The bank offers retail, private, business and wholesale banking across its network of three full-fledged branches in the Kingdom, in addition to corporate finance advisory, project and syndicated finance through Emirates NBD Capital KSA, the bank’s investment banking arm.

Emirates NBD also operates in Egypt, India, Singapore, and the UK with representative offices in China and Indonesia. 

“Our presence in Saudi is integral to Emirates NBD’s growth strategy as we continue to explore opportunities in the GCC region’s largest and most dynamic economy,” said Hesham Abdulla Al-Qassim, vice chairman and managing director of Emirates NBD. 

“Saudi Arabia is in the midst of a landmark economic transformation and we look forward to continuing to support Saudi individuals and businesses looking for a trusted banking partner.” 

Emirates NBD recently renewed its partnership with the Kingdom’s Kafalah Program, which aims to promote financing to small and medium enterprises (SMEs) within the country.

Loai Abduljawad, CEO of Emirates NBD KSA, said: “Emirates NBD’s expanded network strengthens our offering to individuals and corporates in Saudi Arabia looking to invest and trade across the MENA region and beyond. Our superior value proposition, built on the bank’s unique ‘high tech + high touch’ philosophy of offering customers a modern banking experience complemented by personalized advisory services, will enable us to strengthen customer acquisition in the Kingdom as we continue to support the country’s long-term growth and development goals, as outlined in Saudi Vision 2030.” 

Emirates NBD is a leading banking group in the region. As of June 30, 2018, its total assets were 477.5 billion dirhams, ($130 billion). The group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 percent of all financial transactions and requests conducted outside of its branches. The bank was declared the “Most Innovative Financial Services Organization of the Year” at the 2017 BAI Global Innovation Awards.